AL SB69

Prohibits the Board of Control of the Teachers' Retirement System of Alabama and the Employees' Retirement System of Alabama from purchasing or selling publicly traded securities issued by or affiliated with Chinese military companies designated by specified Presidential Executive Orders and U.S. government lists.

Requires the State Auditor to create and maintain a list of restricted entities by January 1, 2025, with updates every six months based on multiple federal government designations including Treasury Department, Department of Defense, and Securities and Exchange Commission lists.

Mandates retirement systems to divest expeditiously from any existing holdings in restricted entities upon publication of the restricted entity list, acting as a prudent investor.

Defines "restricted entities" to include Chinese military companies, military-civil fusion contributors, entities on export control lists, Uyghur forced labor lists, and any other U.S. government-designated Chinese entities restricted for investment, contracting, or procurement purposes.

Takes effect October 1, 2025.